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NWG Natwest Group Plc

288.20
2.30 (0.80%)
Last Updated: 10:03:55
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Natwest Group Plc LSE:NWG London Ordinary Share GB00BM8PJY71 ORD 107.69P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.30 0.80% 288.20 288.20 288.30 289.50 285.00 288.00 3,403,100 10:03:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Commercial Banks, Nec 14.77B 4.64B 0.5271 5.48 25.39B

RBS Issues Shares to Balance Effect of Coupon Payments on Capital Ratios

11/06/2015 7:16pm

Dow Jones News


Natwest (LSE:NWG)
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LONDON--Royal Bank of Scotland Group PLC (RBS.LN) Thursday said it issued 21.3 million shares at a subscription price of 352.8114 pence each and sold them in the market, raising gross proceeds of GBP75 million ($116.2 million) and increasing the number of shares in circulation by 0.3%.

"The shares being issued are for the purposes of partly neutralizing the impact of 2015 coupon payments on discretionary hybrid capital from a Core Tier 1 capital perspective," RBS said.

The subscription price was determined by reference to the average market price during a period since the company's first quarter 2015 results on April 30, RBS said.

RBS shares closed up seven pence at 362 pence.

Write to Ed Ballard at ed.ballard@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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